US Approves LNG Exports from Oregon
The U.S. Energy Department on Monday approved the export of up to 1 billion cubic feet per day of liquefied natural gas from a proposed terminal in Oregon, a move it said would ease U.S. sales of the fuel to Asian markets.The approval advances efforts by President Donald Trump's administration to increase U.S. fossil fuel shipments around the globe at a time big projects are increasingly under strain from environmental protests and lawsuits.“Today’s export authorization for Jordan Cove, the first U.S West Coast LNG project, will ease access to further position the U.S.
Klaveness Lines Up Sustainability-linked Newbuild Financing
Norwegian shipping company Klaveness Combination Carriers (KCC) said it has secured a $60 million sustainability-linked term loan and revolving credit facility for the financing of the seventh and eighth CLEANBU vessels with delivery in 2021, reportedly a first within the maritime industry. Nordea is acting as coordinator and bookrunner and Credit Agricole CIB as sustainability agent.The credit margin will be adjusted, up or down, based on KCC’s sustainability performance, as…
SENER Group Appoints New Leadership
SENER Group announced it has appointed a new president and new CEO to usher in a new leadership phase at the Spanish-based engineering company. Andrés Sendagorta has been named President of the SENER Group, and Jorge Sendagorta Cudós its new CEO.Sendagorta, hitherto Vice President of SENER, takes over from Jorge Sendagorta, who will continue to be linked to the SENER Group as its Honorary President.Andrés Sendagorta holds a diploma in General Management from the Institute for Higher Business Studies IESE (Universidad de Navarra, Spain).
Kongsberg Digital Acquires COACH Solutions
Kongsberg announced Wednesday it has acquired Danish software company COACH Solutions, expanding the Norwegian maritime technology company's range of solutions for vessel performance and monitoring.The newly rebranded KONGSBERG COACH Solutions will be integrated within Kongsberg Digital’s Maritime Digital Solutions portfolio, supplying vessel operators, owners, pool managers and technical managers with a suite of software tools for vessel performance, weather routing and noon…
Crane Barge Adds Power, Flexibility in New York Harbor
A new Liebherr LHM 600 Mobile Harbor Crane has been in operation in the Port of New York and New Jersey since November 2019. Metal recycler Sims Metal Management places its LHM 600 on a floating barge, which offers the company various advantages.Firstly, the barge solution offers enormous flexibility in terms of location. The company operates two different terminals in the New York Harbor. In addition to a terminal in the Port of Newark Sims Metal Management also operates the terminal of Claremont in Jersey City, N.J., which is about 10 kilometers linear distance.
Future Propulsion & Setting the Course to Low-Carbon Shipping
The pace at which the maritime industry transitions to low- and zero-carbon fuels will have the single biggest impact on its global carbon footprint, more than predictable shifts in commodity demand, advances in ship technology and operating practices, or new designs.That is a key finding of a comprehensive new report, Setting the Course to Low-Carbon Shipping, from the American Bureau of ShippingThe report looks at the decarbonization of shipping via two distinct scenarios: a ‘standard’ scenario…
China to Be Self-reliant in IMO-compliant Fuel
Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which would make the country self-sufficient in the new shipping fuel, an official with state major PetroChina said on Monday.China has been striving to reduce its reliance on bunker fuel imports and is aiming to create its own marine fuel hub to supply northern Asia.About 20 refineries, mostly under state-run Sinopec Corp, PetroChina, CNOOC and Sinochem, installed equipment to produce 0.5% sulfur fuel that meets International Maritime Organization (IMO) rules that came into force at the
'Smart Port as a Service'
A new maritime digitalization solution aims to enable real-time communication and collaboration between sea, port and land logistics operators while providing a capabilities overview that helps users to improve the utilization of their resources. The newly launched Smart Port as a Service from Awake.AI is a real-time collaboration and situational awareness tool that uses artificial intelligence (AI)-based predictions to unlock smarter operational optimization for all maritime actors.
Port of Mobile to be Deepened to 50 Feet
The State of Alabama and the U.S. Army Corps of Engineers entered into the Project Partnership Agreement twio deepen and widen the Port of Mobile to 50 feet in late 2024 or early 2025.Colonel Sebastien P. Joly, Commander of the Mobile District, and John C. Driscoll, Director and Chief Executive Officer of the Alabama State Port Authority, signed the agreement, which allows the Corps of Engineers will move into contracting and construction phases of the approximately $365.7 million project…
New Report Outlines Big Potential for Offshore Wind
Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than ever before as new and existing players look to tap the huge resource potential—and market opportunities—being unlocked by shrinking costs and technological advances, as outlined in a recent comprehensive market report.In the coming two decades, the rapidly maturing offshore wind market is expected to become a trillion-dollar business as the pace of installed capacity growth accelerates…
Waterways Council, Inc.’s 2020 Vision
Waterways Council, Inc. (WCI) is the national public policy organization that advocates for a modern, efficient inland waterways system. Abiding by our mission has meant success over our 17-year history. In 2020, WCI’s top priority is to conform the cost-share for Inland Waterways Trust Fund (IWTF)-financed construction projects to require 25% of the project cost be derived from the IWTF and the remaining 75% from General Revenues. The policy vehicle for this adjustment is the Water Resources Development Act (WRDA)…
Superyacht Design: Are owners shifting to streamlined design and production?
Superyachts have a long history of tailor-made, special-made and unique “to the Himalaya and back” luxury solutions. The question is, will this continue, or will the current market situation make superyacht owners and builders consider streamlining some parts of the design and production in order to achieve cost-efficiency?Superyacht market experts have expressed a worry that the industry is pricing itself out of its own market and some warn that the clients will find other things to invest in if the yachts become too expensive. Personally, I think this worry is legit.
The Emerging U.S. Offshore Wind Industry in a Post-COVID-19 World
Join a webinar on June 17, 2020 for the global release of a major new market study on the depth, breadth and growth prospects of the Offshore Wind Market -- https://zoom.us/webinar/register/WN_UR5uY1boTOKdAAcAXDbR4gJust when it was looking like the offshore wind industry was finally about to take off in the United States, the COVID-19 pandemic has introduced one more significant layer of uncertainty upon an already very complicated playing field. There are currently 15 active offshore wind projects in the planning stages which…
Port Chief Martínez says "Large-scale infrastructure is the key to maintaining an international presence"
The President of the Port Authority of Valencia, Aurelio Martínez, has indicated that "the large infrastructures are the key to maintaining a presence abroad and to face the forecasts that indicate that the growth of the commercial flows of goods is lower than those experienced in previous periods as reflected in the fall of the elasticity of trade to income and in a reduction of the coefficient of external opening. We need to prepare for medium- and long-term trends in the development of international trade and its fluctuations."To do this…
COVID-19 & the US Workboat Market: Business Continuity, Not Business as Usual
In today’s environment, the overarching challenge for the American tugboat, towboat and barge industry is to continue transporting the vital commodities that help keep our nation’s economy moving during a highly uncertain time, while taking all necessary measures to ensure the health and safety of our workforce as the COVID-19 pandemic continues to evolve – in other words, to ensure business continuity, while recognizing we are not, nor can we be, going about business as usual.
COVID-19 Weighs on Great Lakes-Seaway Shipping
While St. Lawrence Seaway cargo volumes decreased during the past two months due to economic shifts related to COVID-19, industry leaders said the binational trade and transportation corridor is ready to play its part in the economic recovery efforts in the coming months. Meanwhile, with an increased focus on commodity diversification through project cargo, international shipments of wind energy components in the Great Lakes region are taking off.Overall St. Lawrence Seaway tonnage from March 15 through May 31 totaled 7.7 million metric tons, down 10% compared to the same time period in 2019.
Shanghai Exchange Unveils Trading Rules for LSFO Futures Contract
China's Shanghai International Energy Exchange (INE) published rules for the low-sulphur fuel oil (LSFO) futures on Wednesday, according to the exchange's website.The new futures contract, which will be launched on June 22, will be traded at 10 tonnes per lot, according to the Shanghai bourse.The INE, a subsidiary of the Shanghai Futures Exchange, said daily price limits of LSFO futures are at 5% from the settlement price of the previous trading session and the minimum trading margin is 8% of the contract value.The launch of LSFO futures will help with companies' risk management in the industr
Doyle Hired to Lead the Port of Baltimore
William P. Doyle, a former U.S. Federal Maritime Commissioner, has been hired to lead the Port of Baltimore as the new executive director of the Maryland Port Administration, Maryland Governor Larry Hogan announced.Currently CEO and Executive Director of the Dredging Contractors of America, Doyle will take the helm at the Port of Baltimore effective July 22, succeeding Jim White, who announced he would step down at the end of 2019. Doyle was appointed by Secretary of the Maryland Department of Transportation (MDOT) Greg Slater…
Freight Planning… What About Offshore Wind…?
At the end of 2019 – December 27, to be exact – the US Department of Transportation, Office of the Secretary – filed a request for information regarding the development of a National Freight Strategic Plan (NFSP), required by the multi-year federal transportation bill, passed in 2015, called the FAST Act – “Fixing America’s Surface Transportation.”By the close of the public comment period (Feb. 10) DOT had received 82 comments. Importantly, for the maritime industry, maritime businesses and trade groups…
Reinikka Named CEO of The Switch
Miika Reinikka has been selected as the next CEO of Yaskawa Environmental Energy / The Switch to take over the role from Jukka-Pekka Mäkinen, current CEO and founder, from July 1, 2020.Reinikka has worked at The Switch for more than 10 years, and his career has taken him through various director and VP-level positions in telecommunications businesses, one of which was the Finnish stock listed company Tecnomen. He then went on to explore new opportunities and found The Switch, where he began his new professional path as a Key Account Manager for several European customers.
Redoubling Our Resolve to Deliver Energy Transition
As momentum behind decarbonization accelerates, offshore service providers must accept the challenges ahead with great enthusiasm, harnessing key skills honed during many years working offshore, says William Hill, Executive Group Vice President, GAC Energy. The enforced shutdown of much of the industrialized world in response to the COVID-19 pandemic has thrown into sharp contrast the state of the environment before and after production, transportation and travel were dramatically cut back.
CMA CGM Aims to be Carbon Neutral by 2050
French-based CMA CGM, the world’s fourth-largest container shipping group, said on Tuesday it would aim to become carbon neutral by 2050.The company, headquartered in the Mediterranean port of Marseille, also announced in a statement a target for 10% of its energy supplies to be made up of alternative fuels by 2023.CMA CGM, which was citing objectives set out by Chairman and Chief Executive Rodolphe Saade during a United Nations conference, is following market leader Maersk in aiming to reduce its net carbon emissions to zero by 2050.The French group…
Future Floating Homes: Naval Arch Students Meet the Challenge with Green Tech
Naval architecture students in Galati, Romania and Gdansk, Poland, used their technical and soft skills to compete in the final of ShipDX (Ship Design Exercise), the first naval architecture competition in Romania.GLO Marine, the organizer of the competition, looked at current industry trends to propose the theme of this year’s edition: the concept design of a highly autonomous, self-propelled floating house, with a focus on integrating green and sustainable technologies into the smart design.
Stena Line is 10 Years Ahead of IMO Emissions Goals
Ferry shipping company Stena Line reports it is 10 years ahead of international shipping's emissions reduction targets thanks to measures such as new, larger and more energy efficient vessels, AI assisted captains and an increased punctuality.The Sweden-based operator says that during 2019 it reduced its total CO2 emissions 1.7 %, corresponding to 24,000 metric tons of CO2 in total, while CO2 emissions per transported ton freight and passenger vehicles on board the vessels fell…
Opinion: Government Intervention Needed to Keep Shipping, Energy Businesses Moving
In times of crisis sometimes the easiest response is to be heads-down. One of the responses to the COVID-19 pandemic that history will look back on as key to the resilience of people and commerce, has been cooperation. As a specialist travel management company (TMC), it is a privilege for ATPI Marine & Energy to be part of unprecedented collaboration in the shipping and energy industries.Right now, these sectors are joining forces in ways never seen before to ensure that ships can sail, rigs can operate and people can be relieved and get home safely.
UK Startup to Apply Aviation Fuel Tracker for Shipping
A U.K. startup tracking fuel-use performance in aviation will look to apply its product in the maritime sector in an effort to improve the environmental record of the shipping industry.One of 10 winners of MarRI-UK funding, Signol and its academic partners at University College London’s Energy Institute have been awarded a total of £130,000 ($162,200) for STEAM (Sustainability Through Efficient Actions in Maritime), a project looking to directly change the behavior of ships’ crews…